Nordnet AB (SAVE) - Net Assets
Based on the latest financial reports, Nordnet AB (SAVE) has net assets worth Skr9.17 Billion SEK (≈ $986.95 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr324.07 Billion ≈ $34.88 Billion USD) and total liabilities (Skr314.90 Billion ≈ $33.89 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Nordnet AB tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr9.17 Billion |
| % of Total Assets | 2.83% |
| Annual Growth Rate | 15.83% |
| 5-Year Change | 24.87% |
| 10-Year Change | 277.99% |
| Growth Volatility | 17.2 |
Nordnet AB - Net Assets Trend (2004–2025)
This chart illustrates how Nordnet AB's net assets have evolved over time, based on quarterly financial data. See Nordnet AB (SAVE) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nordnet AB (2004–2025)
The table below shows the annual net assets of Nordnet AB from 2004 to 2025. For live valuation and market cap data, see SAVE stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr7.48 Billion ≈ $804.97 Million |
-5.74% |
| 2024-12-31 | Skr7.94 Billion ≈ $854.01 Million |
+3.03% |
| 2023-12-31 | Skr7.70 Billion ≈ $828.90 Million |
+27.31% |
| 2022-12-31 | Skr6.05 Billion ≈ $651.09 Million |
+1.00% |
| 2021-12-31 | Skr5.99 Billion ≈ $644.63 Million |
+42.22% |
| 2020-12-31 | Skr4.21 Billion ≈ $453.25 Million |
+37.74% |
| 2019-12-31 | Skr3.06 Billion ≈ $329.07 Million |
+53.79% |
| 2018-12-31 | Skr1.99 Billion ≈ $213.97 Million |
-1.80% |
| 2017-12-31 | Skr2.02 Billion ≈ $217.88 Million |
+2.31% |
| 2016-12-31 | Skr1.98 Billion ≈ $212.96 Million |
+5.60% |
| 2015-12-31 | Skr1.87 Billion ≈ $201.67 Million |
+7.02% |
| 2014-12-31 | Skr1.75 Billion ≈ $188.45 Million |
+7.74% |
| 2013-12-31 | Skr1.63 Billion ≈ $174.92 Million |
+7.36% |
| 2012-12-31 | Skr1.51 Billion ≈ $162.93 Million |
+5.93% |
| 2011-12-31 | Skr1.43 Billion ≈ $153.81 Million |
+15.16% |
| 2010-12-31 | Skr1.24 Billion ≈ $133.56 Million |
+19.75% |
| 2009-12-31 | Skr1.04 Billion ≈ $111.53 Million |
+21.68% |
| 2008-12-31 | Skr851.76 Million ≈ $91.66 Million |
+4.87% |
| 2007-12-31 | Skr812.24 Million ≈ $87.41 Million |
+17.48% |
| 2006-12-31 | Skr691.41 Million ≈ $74.41 Million |
+34.40% |
| 2005-12-31 | Skr514.43 Million ≈ $55.36 Million |
+50.65% |
| 2004-12-31 | Skr341.47 Million ≈ $36.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nordnet AB's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 10145400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr1.00 Million | 0.01% |
| Other Comprehensive Income | Skr-110.00 Million | -1.47% |
| Other Components | Skr7.62 Billion | 101.86% |
| Total Equity | Skr7.48 Billion | 100.00% |
Nordnet AB Competitors by Market Cap
The table below lists competitors of Nordnet AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WISETECH GLOBAL USP.ADRS
F:17W0
|
$9.42 Billion |
|
Banca Transilvania S.A.
RO:TLV
|
$9.42 Billion |
|
Joulwatt Technology Co. Ltd. A
SHG:688141
|
$9.42 Billion |
|
Old Republic International Corp
NYSE:ORI
|
$9.42 Billion |
|
ISUZU MOTORS LTD ADR
F:ISUA
|
$9.40 Billion |
|
Krka d. d
WAR:KRK
|
$9.39 Billion |
|
SICC Co. Ltd.
SHG:688234
|
$9.38 Billion |
|
Plaza S.A
SN:MALLPLAZA
|
$9.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordnet AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,935,700,000 to 7,479,000,000, a change of -456,700,000 (-5.8%).
- Net income of 3,015,000,000 contributed positively to equity growth.
- Dividend payments of 2,024,000,000 reduced retained earnings.
- Share repurchases of 604,000,000 reduced equity.
- New share issuances of 120,000,000 increased equity.
- Other comprehensive income decreased equity by 4,100,000.
- Other factors decreased equity by 959,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr3.02 Billion | +40.31% |
| Dividends Paid | Skr2.02 Billion | -27.06% |
| Share Repurchases | Skr604.00 Million | -8.08% |
| Share Issuances | Skr120.00 Million | +1.6% |
| Other Comprehensive Income | Skr-4.10 Million | -0.05% |
| Other Changes | Skr-959.60 Million | -12.83% |
| Total Change | Skr- | -5.76% |
Book Value vs Market Value Analysis
This analysis compares Nordnet AB's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 162.85x to 11.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Skr2.16 | Skr351.80 | x |
| 2005-12-31 | Skr3.06 | Skr351.80 | x |
| 2006-12-31 | Skr4.06 | Skr351.80 | x |
| 2007-12-31 | Skr4.78 | Skr351.80 | x |
| 2008-12-31 | Skr5.03 | Skr351.80 | x |
| 2009-12-31 | Skr6.14 | Skr351.80 | x |
| 2010-12-31 | Skr7.24 | Skr351.80 | x |
| 2011-12-31 | Skr8.17 | Skr351.80 | x |
| 2012-12-31 | Skr8.65 | Skr351.80 | x |
| 2013-12-31 | Skr9.26 | Skr351.80 | x |
| 2014-12-31 | Skr9.98 | Skr351.80 | x |
| 2015-12-31 | Skr10.72 | Skr351.80 | x |
| 2016-12-31 | Skr11.39 | Skr351.80 | x |
| 2017-12-31 | Skr8.10 | Skr351.80 | x |
| 2018-12-31 | Skr7.95 | Skr351.80 | x |
| 2019-12-31 | Skr12.23 | Skr351.80 | x |
| 2020-12-31 | Skr16.85 | Skr351.80 | x |
| 2021-12-31 | Skr23.85 | Skr351.80 | x |
| 2022-12-31 | Skr24.14 | Skr351.80 | x |
| 2023-12-31 | Skr30.82 | Skr351.80 | x |
| 2024-12-31 | Skr31.54 | Skr351.80 | x |
| 2025-12-31 | Skr29.91 | Skr351.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordnet AB utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 40.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.89%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 41.37x
- Recent ROE (40.31%) is above the historical average (21.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 24.58% | 22.20% | 0.14x | 8.15x | Skr49.80 Million |
| 2005 | 28.32% | 33.56% | 0.07x | 11.42x | Skr94.25 Million |
| 2006 | 29.90% | 28.37% | 0.07x | 14.58x | Skr137.58 Million |
| 2007 | 24.17% | 24.99% | 0.05x | 18.04x | Skr115.08 Million |
| 2008 | 16.21% | 19.65% | 0.05x | 15.12x | Skr52.88 Million |
| 2009 | 19.62% | 22.08% | 0.04x | 22.92x | Skr99.71 Million |
| 2010 | 16.49% | 18.25% | 0.04x | 23.20x | Skr80.52 Million |
| 2011 | 18.90% | 24.92% | 0.04x | 20.33x | Skr127.22 Million |
| 2012 | 12.48% | 20.13% | 0.03x | 20.73x | Skr37.53 Million |
| 2013 | 14.48% | 22.59% | 0.03x | 24.49x | Skr72.62 Million |
| 2014 | 15.91% | 24.47% | 0.02x | 28.18x | Skr103.27 Million |
| 2015 | 19.15% | 27.93% | 0.02x | 32.20x | Skr171.13 Million |
| 2016 | 15.01% | 24.21% | 0.02x | 35.60x | Skr99.16 Million |
| 2017 | 8.26% | 13.12% | 0.02x | 39.68x | Skr-35.13 Million |
| 2018 | 5.94% | 8.40% | 0.02x | 46.33x | Skr-80.77 Million |
| 2019 | 11.10% | 20.25% | 0.01x | 37.81x | Skr33.72 Million |
| 2020 | 27.84% | 41.48% | 0.02x | 39.89x | Skr751.56 Million |
| 2021 | 33.13% | 53.05% | 0.02x | 38.82x | Skr1.39 Billion |
| 2022 | 27.31% | 44.13% | 0.02x | 34.20x | Skr1.05 Billion |
| 2023 | 33.48% | 49.67% | 0.02x | 28.85x | Skr1.81 Billion |
| 2024 | 35.45% | 47.05% | 0.02x | 34.43x | Skr2.02 Billion |
| 2025 | 40.31% | 45.89% | 0.02x | 41.37x | Skr2.27 Billion |
Industry Comparison
This section compares Nordnet AB's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $214,580,226
- Average return on equity (ROE) among peers: -58.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordnet AB (SAVE) | Skr9.17 Billion | 24.58% | 34.34x | $9.40 Billion |
| CoinShares International Ltd (CS) | $239.25 Million | -189.40% | 10.42x | $509.93 Million |
| Havsfrun Investment AB (publ) (HAV-B) | $359.64 Million | 1.34% | 0.01x | $14.83 Million |
| Mangold Fondkommission AB (MANG) | $44.85 Million | 12.56% | 2.15x | $93.23 Million |
About Nordnet AB
Nordnet AB (publ), together with its subsidiaries, operates a digital platform for savings and investments in Sweden, Norway, Denmark, and Finland. Its platform allows customers to invest in stocks, mutual funds, and other securities through website, app, or other applications; offers margin lending and residential mortgages; and pension savings and occupational pension solutions; endowment insur… Read more